Risk intelligence platform Polecat scoops £3m to take on US
London-based tech start-up plans to meet growing demand in US with expansion of operations in California
Polecat, a risk intelligence technology start-up, has secured £3m investment in a deal led by US firm Grassy Creek Ventures.
Founded in 2007, London-based Polecat – which has offices in Bristol, New York and California – finds and analyses unstructured data online and within organisations to help companies identify and respond to risk.
Polecat has worked with major global firms including, Shell, Johnson & Johnson and KPMG, as well as the NHS and the Central Bank of Ireland.
It now plans to expand its team on the East Coast of the US to support its growing customer base in the region, and to invest in the development of its risk intelligence platform.
James Lawn, co-founder and chief executive at Polecat, discussed the company's US expansion plans: “With so much technology flowing out of North America, we’re proud to be a UK tech exporter, attracting US investment to bring British technology back across the Atlantic.
“The investment from Grassy Creek Ventures will enable us to innovate more quickly and to direct more of the technology sector’s sharpest minds to the task of finding hidden meaning in the world of big data.”